Daily Motor News – Wednesday 20 May 2026 

Graeme Reynolds, director of insurance at the FCA said: “Tight budgets make cheap offers tempting – and scammers take advantage of that. Don’t get ghosted by a policy that doesn’t exist. Check the FCA Firm Checker before you buy, because driving uninsured could cost you far more than any premium.” Read more

FCA: Young drivers warned about fake insurance sold on social media 

Half (49%) of young drivers have bought insurance through social media or messaging apps, new research reveals. With 4 in 10 (39%) unconfident in spotting the signs of a fake policy, thousands could be paying for cover that doesn’t exist. Read more

iBodyshop latest to join ARC360 Corporate Partner cohort 

iBodyshop, the cloud-based bodyshop management platform developed by Clear21, has joined ARC360 as a Corporate Partner, further strengthening the community’s focus on innovation, operational efficiency and collaboration across the vehicle repair sector. Read more

1 in 3 UK customers comfortable with ai in insurance but want human checks and robust regulation 

Guidewire today released the latest edition of its annual study of insurance customers in Europe, revealing their attitudes towards insurers’ use of artificial intelligence (AI) and identifying opportunities for insurers to continue earning their trust. Read more

CVC could help save €10 – €15 on motor insurance over time – MIBI 

The Motor Insurers’ Bureau of Ireland (MIBI) will today tell the Joint Oireachtas Committee on Transport that adding a Continuous Vehicle Coverage (CVC) system could save the average law abiding motorist €10 – €15 on the cost of annual motor insurance policies over time. Read more

Adapt, Reinvent, Lead 

CII Professional Communities panel session at this year’s BIBA conference explored career reinvention across the insurance market. The themes it raised around artificial intelligence (AI), skills, talent and purpose are directly relevant to all sectors, including claims.  Read more

Close to 30% of cars sold this year are set to be electric as countries and consumers respond to energy crisis 

After strong growth last year, global electric car sales are expected to rise again in 2026, reaching 23 million and accounting for close to 30% of all cars sold worldwide, according to the new edition of the IEA’s annual Global EV Outlook. Read more

Weights & Dimensions revision must be an enabler for zero-emission heavy-duty vehicles, says ACEA 

Europe’s truck and bus manufacturers are calling on EU policymakers to ensure that the revision of the Weights & Dimensions Directive becomes a genuine enabler for zero-emission heavy-duty vehicles. Read more

Musk expects widespread use of cars without human monitors in U.S. this year 

US: Tesla chief Elon Musk said on Monday he expects fully self-driving cars without human safety monitors to become more widespread in the United States later this year, after being introduced in Texas. Read more

A fractured world order: how geopolitics shapes inflation 

For 2026, and heading into 2027, global uncertainty, international conflict, policy shifts and rising power centres will continue to influence the trajectory of geopolitical and economic conditions. Based on The Hartford’s Risk Monitor survey, inflation remains one of the most pressing concerns for businesses as these dynamics continue to shape the economic outlook.  Read more

UK loosens Russian oil sanctions as fuel prices rise 

The UK government has loosened strict sanctions on Russian oil refined into diesel and jet fuel in third countries as prices rise. The waiver begins on Wednesday and reflects growing supply concerns over certain fuels due to the effective blockade of the key Strait of Hormuz waterway since the start of the US-Israel war with Iran. Read more

Ian Scott has joined GSF Car Parts as Head of Green Parts. 

Kajal Vakas has started a new position as FSI Alliances Director EMEA at Quantexa. 

Lower gas and electricity bills were behind a bigger than expected drop in the UK’s inflation rate, but inflation is widely expected to rise from here due to the ongoing impact of the Iran war. Read more